Shell PLC Unsponsored ADR (NYSE:SHEL) Given Average Rating of “Moderate Buy” by Brokerages

Shell PLC Unsponsored ADR (NYSE:SHEL) has been assigned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $79.91.

A number of equities analysts have recently commented on SHEL shares. Piper Sandler raised their price objective on Shell from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Wolfe Research downgraded shares of Shell from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 8th. BNP Paribas raised Shell to a “strong-buy” rating in a research report on Tuesday, September 23rd. HSBC reiterated a “hold” rating and set a $78.30 target price (down from $78.90) on shares of Shell in a report on Monday, August 4th. Finally, Melius began coverage on shares of Shell in a research report on Wednesday, August 20th. They set a “hold” rating and a $70.00 target price on the stock.

Shell Trading Up 0.8%

Shares of SHEL stock opened at $73.38 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The stock has a market cap of $212.07 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.81 and a beta of 0.39. The business has a fifty day simple moving average of $73.68 and a 200-day simple moving average of $71.77. Shell has a fifty-two week low of $58.54 and a fifty-two week high of $77.47.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 30th. The energy company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. The business had revenue of $68.15 billion for the quarter, compared to analyst estimates of $70.50 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. On average, analysts forecast that Shell will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 14th will be paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, November 14th. Shell’s dividend payout ratio is 58.61%.

Institutional Trading of Shell

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after acquiring an additional 2,545 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Shell by 7.9% in the 1st quarter. Private Advisor Group LLC now owns 35,791 shares of the energy company’s stock worth $2,623,000 after purchasing an additional 2,623 shares during the last quarter. IFP Advisors Inc boosted its position in Shell by 2.1% during the 1st quarter. IFP Advisors Inc now owns 15,488 shares of the energy company’s stock valued at $1,135,000 after purchasing an additional 321 shares during the period. Crestwood Advisors Group LLC grew its stake in Shell by 26.9% during the 1st quarter. Crestwood Advisors Group LLC now owns 14,431 shares of the energy company’s stock worth $1,057,000 after buying an additional 3,062 shares during the last quarter. Finally, PFG Advisors lifted its stake in Shell by 14.2% in the first quarter. PFG Advisors now owns 3,953 shares of the energy company’s stock valued at $290,000 after buying an additional 492 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.